The Circus Leaves Town

I have some quotes in the Los Angeles Times this morning about the current state of fad and meme-related “investing”. Michael Hiltzik’s new column takes a look at what happens when the recreational traders get tired of losing money and recede from the three ring circus… The finance world, which is constantly on the lookout…

Tether

For years there has been a controversy about whether or not the stablecoin Tether was truly backed by liquid assets or if the whole thing was just smoke and mirrors. I wouldn’t know. My understanding of stablecoins is that they are more of a tool – a medium of exchange within the crypto markets –…